Self-Redevelopment: A New Revolution in Real Estate
Self-redevelopment is transforming the way redevelopment has been traditionally practiced. It is a society and member-centric process that allows societies to have greater control, transparency, and financial benefits compared to conventional redevelopment models.
Why Choose Self-Redevelopment?
Upgraded Lifestyle
Modern infrastructure and enhanced amenities.
Maximized Area
Societies gain more space compared to traditional redevelopment.
Complete Control
Full authority over project decisions and execution.
Timely Completion
No dependency on third-party developers ensures smooth execution.
Orange Builders: Your Partner in Self-Redevelopment
Orange Group offers a complete turnkey solution for self-redevelopment projects, managing every aspect from planning to execution. Through our collaborative approach, we ensure societies experience a seamless and transparent process.
Get in touch
Our Expertise Covers:
Partnering with a reputable developer like Orange Builders unlocks a range of benefits for societies.
Feasibility Studies & Approvals
Ensuring your project meets all legal and regulatory requirements.
Design & Planning
Innovative, space-efficient layouts tailored for modern living.
Project Financing & Execution
Assisting in funding solutions and overseeing end-to-end construction.
Sales & Handover
Managing sales and ensuring a smooth transition for society members.
Why Choose Orange builders For Self-Redevelopment?
Transparency
Clear communication and ethical practices at every stage.
End-to-End Management
From feasibility studies to final handover, we handle it all.
Design & Planning Expertise
Innovative solutions for maximizing space and efficiency.
Superior Construction Quality
Decades of experience in delivering high-standard developments.
Financial Support & Mentorship
Helping societies navigate funding and project execution.
30 Years of Industry Experience
A trusted name in real estate and redevelopment.
Frequently Ask Questions
Self-redevelopment is a process where the residents of a housing society undertake the redevelopment of their property without involving a builder. The society members act as developers, managing the construction, funding, and approvals while hiring professionals to execute the project.
What are the benefits of self-redevelopment?
Higher area per member compared to builder-led redevelopment Complete control over quality and timelines More transparency and no dependency on a builder Additional financial benefits, as profits are retained by society members.
Who can opt for self-redevelopment?
Any registered housing society that wishes to redevelop its building without a developer can opt for self-redevelopment, provided they have the consent of a majority of members.
How is self-redevelopment financed?
Societies can secure funding from banks, housing finance institutions, and cooperative banks that offer loans for self-redevelopment projects. The project can also be funded through advance sales of additional flats.
What approvals are required for self-redevelopment?
Approvals include:
- Intimation of Disapproval (IOD) and Commencement Certificate (CC) from municipal authorities
- Structural stability report
- Environmental clearances (if required)
- Fire NOC and other regulatory permissions
How long does a self-redevelopment project take?
The timeline varies based on the size of the project, but on average, it takes around 24-36 months, including approvals, planning, and construction.
What are the challenges in self-redevelopment?
- Managing project execution without prior experience
- Securing funding and managing cash flow
- Coordinating with professionals such as architects, contractors, and legal advisors
- Ensuring smooth approvals from authorities
How can a professional consultant help in self-redevelopment?
A consultant helps in:
- Preparing feasibility reports
- Arranging project financing
- Handling legal and regulatory approvals
- Managing construction and project execution
How do society members benefit financially?
Since there is no third-party builder, the additional saleable flats generate revenue for the society, which can be used to reduce costs for members, increase corpus funds, or improve amenities.
What happens to the residents during construction?
During the redevelopment process, members are provided with temporary accommodation (rent compensation) until the new building is ready.
How can our society start the self-redevelopment process?
The process starts with:
- Conducting a General Body Meeting (GBM) to pass a resolution
- Hiring professionals for feasibility studies and project planning
- Obtaining necessary approvals and funding
- Selecting contractors and beginning construction
How can we ensure the success of our self-redevelopment project?
- Hiring experienced professionals (architects, project management consultants, legal advisors)
- Ensuring regular monitoring and transparency in decision-making
- Securing funding and maintaining financial discipline
- Timely coordination with authorities for approvals
Disclaimer
The plans, specification, elevation, conceptual designs, visuals, images, dimensions, photograph, furniture, fixtures, amenities, facilities, etc. are strictly provided for representation purposes only and are subject to approvals from competent authorities. This does not constitute an offer and/or contract of any nature between the company and the prospective purchaser. Furniture, customer’s satisfaction, sales terms, selected trademarks stand reserved. The carpet area of the Apartments mentioned is as per definition mentioned in Maharashtra Real Estate Regulatory Authority (MahaRERA).